2017 Economic Calendar
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Consumer Confidence  
Released On 5/30/2017 10:00:00 AM For May, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level120.3 119.4 119.0 117.0  to 121.0 117.9 

Highlights
Consumer confidence is holding steady at an unusually strong level, 117.9 in May for the sixth straight reading over 110 and following a revised 119.4 in April and 124.9 in March which were the two best months of the expansion. The key positive in the May report is jobs-hard-to-get which is a closely watched current assessment of the labor market. This reading is down a very sizable 1.2 percentage points to a very low 18.2 percent for a new expansion best.

Other readings are steady with optimism over future income still very positive, split between 19.2 percent for optimists and 8.7 percent for pessimists. The spread on the future assessment of jobs is also steady with 18.6 percent seeing more openings ahead and 12.0 percent fewer.

Buying plans are a negative showing declines for autos and appliances as well as housing. Inflation expectations are unchanged for a third straight month at 4.7 percent which is very subdued for this reading and yet another indication, like this morning's PCE data, that inflation pressures are not improving.

The great strength for consumer confidence has yet to translate to great strength for consumer spending, but the jobs-hard-to-get reading of this report is further confirmation of strength in the labor market and a further indication of strength for Friday's employment report.

Recent History Of This Indicator
Holding near 20-year highs, the consumer confidence index has been showing the most strength of any of the consumer gauges. The report's sample has been reporting strong demand in the labor market and expects demand to remain strong through the year. Only marginal retracement is expected for the May report with the Econoday consensus at 119.0 vs April's 120.3.

Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.  Why Investors Care
 
[Chart]
Typically retail sales will move in tandem with consumer optimism - although not necessarily each and every month.
Data Source: Haver Analytics
 

2017 Release Schedule
Released On: 1/312/283/284/255/306/277/258/299/2610/3111/2812/27
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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